Cyprus Residence by Investment - | Hudson McKenzie
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Cyprus Residence by Investment

The Republic of Cyprus has enjoyed being an independent nation since 1960, is a member of the EU since 2004 and became a member of the EEA in 2008.
The island enjoys low tax rates and has a diversified economy in which tourism, financial services and shipping are major players.
Key Facts
  • Official language is Greek, however English tends to be used as the ‘business language’.
  • An attractive warm climate, dry summers from April to November, with short, cooler winters. Average annual daytime temperature is 24°C.
  • Strategically located being just 1.5hrs from Athens, 4hrs from Frankfurt, 3.5hrs from Dubai and 5hrs from London.
  • Required investment from €500,000.

Requirements

Applicants must fulfil all of the following:

Property

Purchase a property in Cyprus for a minimum value of €500,000, to be held in perpetuity. In the case that the applicant proceeds with the real estate investment option, below, this property can be included in the €2,000,000 investment.)

Investment

Provide a minimum of €2,000,000 into ONE of the following four options:

  • Investment in real estate, developments and infrastructure projects.
  • Investment into alternative investment funds or financial assets of the country.
  • Purchase, establishment or participation in the country’s businesses and companies.
  • A combination of any of the above.
Considerations

If qualifying via a €2,000,000 private residence purchase, after three years it is permitted to liquidate and replace the private residence with a €500,000 property.

We would be delighted to assist you and your family members in obtaining Residency of Cyprus. Please get in touch with us at HudsonVIP@hudsonmckenzie.com to know more about this programme.

 

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